Crossword Genius

Would a miser pinch her? (5)

Ross

I believe the answer is:

penny

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'her?' is the definition.

I don't understand the rest of the clue.

Can you help me to learn more?

(Other definitions for penny that I've seen before include "coin, decimal with 1a [NEW]" , "Coin - girl's name" , "Lancaster" , "1p" , "Bronze coin" .)

I've seen this clue in the Evening Standard.
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